Global Glance: US employers add 222K jobs; France wants to end sales of gas and diesel cars by 2040

Powered by The Associated Press

Here are today’s top business headlines from across the nation and world:

US employers add 222K jobs; jobless rate rises to 4.4 percent

WASHINGTON (AP) — U.S. employers added a robust 222,000 jobs in June, the most in four months, a reassuring sign that businesses are confident enough to keep hiring despite a slow-growing economy. The Labor Department says the unemployment rate ticked up to 4.4 percent from 4.3 percent in May, which was a 16-year low. The rate rose because more Americans began looking for work, but not all found jobs. Job gains for April and May were revised higher by 47,000. In the first six months of this year, hiring has averaged nearly 180,000 jobs a month. That’s only slightly below last year’s pace. Read more

France wants to stop sales of gas and diesel cars by 2040

PARIS (AP) — No more gasoline or diesel cars will be sold in France by 2040 – that’s the ambitious goal set out Thursday by Environment Minister Nicolas Hulot as part of far-reaching efforts to wean the world’s No. 6 economy from fossil fuels. At a news conference unveiling a five-year government plan to encourage clean energy and fulfill France’s commitments under the Paris climate accord, Hulot said French car manufacturers have projects that “can fulfill that promise.” Read more

German host tells G20 leaders they must reach compromises

HAMBURG, Germany (AP) — German Chancellor Angela Merkel told leaders of the Group of 20 economic powers Friday that millions of people are hoping they can help solve the world’s problems, and warned them that they must be prepared to make compromises. As the leaders discussed terrorism, trade and climate change, protests against their gathering continued in various parts of Hamburg. Anti-globalization activists set dozens of cars ablaze and protesters tried unsuccessfully to block leaders’ delegations from getting to the downtown convention center where the summit is being held. Read more

More clouds gather over British economy as slowdown broadens

LONDON (AP) — A raft of disappointing British economic figures on Friday reinforced concerns that the slowdown has broadened across sectors and extended into the second quarter of the year, when the country finally began high-level negotiations over its exit from the European Union. Capping a week of fairly grim economic news, the Office for National Statistics said Friday that industrial output in Britain fell 0.1 percent in May from the previous month, against expectations for a 0.4 percent increase. It also reported a bigger than anticipated widening in the country’s trade deficit to 3.1 billion pounds ($4 billion) in May and a surprise 1.2 percent monthly drop in construction output. Read more

Samsung on a roll as data demand for memory chips soars

SEOUL, South Korea (AP) — Samsung Electronics is on a roll thanks to booming sales of memory chips required by the increasingly data-based economy. The company, the world’s largest supplier of memory chips, said Friday that its operating profit soared 72 percent in the April-June quarter over a year earlier to a record high. Samsung has the most advanced memory chip production technology. Read more

Where’s my raise? 5 reasons pay isn’t rising much for many

WASHINGTON (AP) — Eight years after the Great Recession ended, the economy is steadily churning out jobs, and the unemployment rate is at a 16-year low. Yet for most Americans, a key measure of economic health – pay growth – still lags behind pre-recession norms. Read more

Want the state’s top business and entrepreneurship news in your inbox? Sign up here for our newsletters.

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students